Tim Cook to Step Down as Apple CEO

Apple has announced a leadership transition in which Tim Cook ends his tenure as Chief Executive Officer on 31 August 2026 and John Ternus takes over as CEO on 1 September 2026. Cook, aged 65, moves to the role of Executive Chairman of Apple’s board of directors, while Ternus becomes the company’s new chief executive after a 25-year association with Apple.

Apple Leadership Structure

Apple Inc. is a United States technology company founded in 1976 and known for products such as the iPhone, iPad, Mac, Apple Watch and AirPods. The Chief Executive Officer is the top executive responsible for corporate strategy, operations and business decisions, while the board of directors oversees governance and long-term direction.

Tim Cook’s Tenure

Tim Cook became Apple’s CEO in 2011 after succeeding co-founder Steve Jobs. During his tenure, Apple’s market valuation rose from about 350 billion in 2011 to 4 trillion in 2026, placing the company among the world’s most valuable listed firms. The Executive Chairman role generally involves board leadership, coordination with directors and engagement with policymakers.

John Ternus and Apple’s Hardware Division

John Ternus joined Apple’s product design team in 2001 and became Senior Vice President of Hardware Engineering in 2021. The hardware engineering division at Apple covers product design and development for devices such as the iPhone, Mac and iPad. Apple’s board approved the succession plan on 20 April 2026 as part of a structured leadership transition.

Important Facts for Exams

• Apple Inc. was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne.
• Tim Cook became Apple CEO in 2011 after Steve Jobs stepped down.
• John Ternus joined Apple in 2001 and later led hardware engineering.
• Apple’s board of directors approved the succession plan in April 2026.

Board Changes and Product Timeline

Arthur Levinson, who served as Apple’s non-executive chairman for 15 years, becomes lead independent director under the transition plan. John Ternus also joins Apple’s board of directors. The leadership change comes before Apple’s fall launch event, where the company is expected to present the iPhone 18 Pro lineup and its first foldable device.